posted on
Apr 23, 2016 02:48PM
I asked someone in the mining industry and familiar with Tyhee, what he considers to be the current going value for gold reserves (US$/oz) in Canada
or in the NWT?...............................
He told me it comes down to what someone might be willing to pay for
the YGP. They'd have to finish the permitting, probably re-do a lot of
the planning and engineering and start producing, all the while looking for
the best NPV and IRR. Obviously the projected gold price and timing are
also a big factors...........
While you might value the reserves at an operating open pit mine in Nevada
at $3-400/ounce, he thinks Tyhee would be very lucky to attract $100.
Probably $50-75.